EPIC RESEARCH MCX Naturalgas UPDATE OF 09 October 2018

Posted by Commodity Updates by Epic Research on 12:23:00 with No comments

Naturalgas trading range for the day is 230.5-250.5.

* Natural gas prices surged higher as Hurricane Michael made its way into the Gulf of Mexico.

* While Michael is expected to make landfall on Wednesday, there is concern by producers that it might shift west hitting some of the production areas

* The weather over the next 6-10 days is expected to be colder than normal in the mid-west, but that is expected to change to normal over the next 8-14 days.

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